Provident Financial reports good start to 2009
गुरुवार, 7 मई 2009
Bradford-based Provident Financial has made a successful start to 2009, cashing in on the lending constraints of its rivals.
Experts believe this gives the opportunity for a strong medium-term organic growth for the company, particularly when the UK's economy begins to recover.
"Management's cautious approach to new lending over the last two years is undoubtedly proving to be the correct strategy in the face of a deteriorating economy," chairman John van Kuffeler said at the company's general meeting.
The consumer credit division is said to have made a decent start to 2009, with customer numbers growing at a rate of between four and five per cent during the first quarter.
Provident has recently added new management roles and branches to its portfolio, announcing in February it was looking to recruit over 200 more employees.
It revealed it was looking for 80 development managers and ten people to work within its internal audit team.
© Adfero Ltd